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LABRANCHE & CO INC
> VALE
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2011 | Vale S.A. | VALE | 0 | -39,907 | 0 | -1,331,000 | |
| 03/31/2011 | Vale S.A. | VALE | 39,907 | 39,907 | 1,331,000 | 1,331,000 | $33.35 |
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